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User Name Thread Name Subject Posted
GUEST,rarelamb BS: Should Feds Bail Out G.M.??? (64* d) RE: BS: Should Feds Bail Out G.M.??? 16 Dec 05

It should not, nor should any company be bailed out by the Government. Let the creative destruction process work.

To the point "Nationalize 'em all, I say!! Show 'em what efficient management can do, by God!!"

The reality is that Toyota and other profitable firms have done exactly that. We do not need the hamfisted government to make the situation worse.

Also, bailing out one firm maintains supply which would have otherwise been stopped. This punishes well run firms by artificially depressing prices.

Some of us need to get out of the national champion mindset and let the people who know the industry go about their business and succeed or fail on their merits.

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